2011-12 Report to Stakeholders Released
The Nova Scotia Gaming Corporation (NSGC) released its 2011-12 Report to Stakeholders today, July 12, outlining business results, social mandates and community efforts.
Highlights include a $152.8-million payment to the province, including $4 million in funding for amateur sport through the Support4Sport program. The payment to the province is 7.9 per cent higher than the previous year because of a one-time, $11.1-million HST credit for the casinos.
"Social responsibility rests at the forefront of every decision that is made in Nova Scotia's gaming industry," said NSGC's acting president and CEO, Bob MacKinnon. "Whether it is through retailers completing extensive responsible gambling training or the My-Play System implementation, Nova Scotians can be confident the industry is responsible and sustainable."
All gaming industry profits are directed back to Nova Scotia communities to support government programs and services. Part of the contribution made by NSGC and its operators in 2011-12 includes $1.6 million donated to community and charitable events, and $6.7 million to responsible gambling programs, which includes $4.1 million to the Department of Health and Wellness to deliver programs and services to ensure help is available for those who need it.
NSGC's Report to Stakeholders and financial statements are available at www.nsgc.ca .
FOR BROADCAST USE:
Profits from gaming generated almost 153 million dollars to support government programs and services in 2011-2012.
The Nova Scotia Gaming Corporation released its 2011-2012 Report to Stakeholders today (July 12th) which shows gaming profits are up nearly eight per cent from last year, primarily because of a one-time HST tax credit of 11-point-1 million dollars.
The corporation also continued to invest in responsible gambling programs as well as amateur sport through its Support4Sport program.
The Report to Stakeholders and financial statements are available at w-w-w dot n-s-g-c dot c-a.